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The Persistent Effects of Place-Based Policy: Evidence from the West-German Zonenrandgebiet
von Ehrlich, Maximilian; Seidel, Tobias - 2015
Using a natural experiment from Germany, we show that temporary place-based subsidies generate persistent effects on economic density. We identify employment and capital formation as main channels for higher income per square kilometer. As the spatial regression discontinuity design allows us to...
Persistent link: https://www.econbiz.de/10010531848
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The Macroeconomic Effects of Funding U.S. Infrastructure
Malley, James R.; Philippopoulos, Apostolis - 2022
This paper quantitatively assesses the macroeconomic effects of the recently agreed U.S. bipartisan infrastructure spending bill in a neoclassical growth model. We add to the literature by considering a more detailed tax structure, different types of infrastructure spending and linkages between...
Persistent link: https://www.econbiz.de/10013307758
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Spatial Inequality, Geography and Economic Activity
Achten, Sandra - 2019
We study the effect of spatial inequality on economic activity. Given that the relationship is highly simultaneous in nature, we use exogenous variation in geographic features to construct an instrument for spatial inequality, which is independent from any man-made factors. Inequality measures...
Persistent link: https://www.econbiz.de/10012890626
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Landlockedness and Economic Development: Analyzing Subnational Panel Data and Exploring Mechanisms
Jetter, Michael; Mösle, Saskia; Stadelmann, David - 2017
This paper revisits the hypothesis that landlocked regions are systematically poorer than regions with ocean access, using panel data for 1,527 subnational regions in 83 nations from 1950-2014. This data structure allows us to exploit within-country-time variation only (e.g., regional variation...
Persistent link: https://www.econbiz.de/10011777598
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The Employment Effects of a Pandemic Wage Subsidy
Smart, Michael; Kronberg, Matthew; Lesica, Josip; … - 2023
We estimate the causal effects of a pandemic-era wage subsidy program in Canada on job losses and business closures … changes in the wage subsidy rate. The estimated net wage elasticity of employment was 0.11, implying a small aggregate … employment effect of the program and an estimated fiscal cost per job saved of nearly $200,000 per year. Subsidy payments caused …
Persistent link: https://www.econbiz.de/10014262746
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Inefficient lock-in and subsidy competition
Borck, Rainald; Koh, Hyun-Ju; Pflüger, Michael - 2009
This paper shows that subsidy competition may be efficiency enhancing. We model a subsidy game among two asymmetric … subsidy competition, starting from an equilibrium where the industry core is inefficiently locked in to the smaller region …. When regions weigh workers' and capitalists' welfare equally, the core region will set its subsidy low enough that the …
Persistent link: https://www.econbiz.de/10010264594
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Climate Change and Migration: The Case of Africa
Conte, Bruno - 2022
This paper estimates the impacts of climate change in sub-Saharan Africa (SSA) on migration and other economic outcomes. I develop a quantitative spatial model that captures the role of trade networks, migration barriers, and agricultural yields on the geography of the economy. I combine the...
Persistent link: https://www.econbiz.de/10013427734
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Home market effects and the single-sector Melitz model
Felbermayr, Gabriel J.; Jung, Benjamin - 2011
Increasing-returns-to-scale imperfect competition trade models predict a more than proportionate relationship between the larger country's share in world endowments and its share in producing firms: the so called home market effect (HME). While this result plays a key role in empirical testing,...
Persistent link: https://www.econbiz.de/10010280839
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Trade Costs, Market Access and Economic Geography : Why the Empirical Specification of Trade Costs Matters
Bosker, Erik Maarten; Garretsen, Harry - 2021
Trade costs are crucial in new economic geography (NEG) models. The unavailability of actual trade costs data requires the approximation of trade costs. Most NEG studies do not deal with the ramifications of the particular trade costs specification used. This paper shows that the specification...
Persistent link: https://www.econbiz.de/10013316892
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Adding Geography to the New Economic Geography
Bosker, Erik Maarten; Brakman, Steven; Garretsen, Harry; … - 2021
For reasons of analytical tractability, new economic geography (NEG) models treat geography in a very simple way: attention is either confined to a simple 2-region or to an equidistant multi-region world. As a result, the main predictions regarding the impact of e.g. diminishing trade costs are...
Persistent link: https://www.econbiz.de/10013316995